I think Garmin's P/E is due

xmonkeydr — Mon, 19 May 2008 22:28:38 -0400

I think Garmin's P/E is due to their being a big player in a market that is attracting much bigger players. I love my Garmin handheld for hiking but their software is both expensive (maps) and somewhat user unfriendly. Google maps automatically presents traffic data on my smart phone and such a service from Garmin would require buying both hardware (an XM antenna) and a subscription to XM. To maintain their lead in the vehicle navigation market I think they need to both incorporate automatic updates to their devices and real time traffic data via a cell subscription a la Amazon's Kindle.

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I think Garmin's P/E is due